Question

find gross profit opening stock rs 20000 closing stock ...rs 180000
purchases rs.23000..carriage on sales ..rs.30000 office rent rs.58000
sales....rs. 1407000​

Answer 1

Answer:

22000

Explanation:

Trading A/c For the year ended..

Particular Amt Particular Amt

To opening stock A/c 12000 By Sales A/c 30000

To Purchase A/c 20000 By Closing stock A/c 22000

To trading expenses A/c 8000

To Gross Profit transferred A/c 12000

52000 52000

To Ascertain Gross profit , we need to find out the value of closing stock :

Let us take "x" as closing stock

COGS = opening stock + purchase + direct expenses - closing stock

18000= 12000+ 20000 + 8000 - X

X = 40000 - 18000

= 22000.